Observations
May 26, 2023In her last speech as Deputy Chair of the Australian Prudential Regulation Authority, Helen Rowell reflected on key changes in thinking surrounding financial sector governance and risk management over her 21-year tenure.
by Wayne Byres
Compendium
May 15, 2022In examining the lessons of the Global Financial Crisis, prudential supervisors quickly recognised that risk culture had been a critical determinant of financial success or failure. Prior to the crisis, an excessive focus on short-term financial success (the ‘what’) without sufficient regard to the way in which results were generated (the ‘how’ and the ‘why’) allowed excessive risk-taking to go unaddressed ... (cont)
Observations
Dec 14, 2021
